Almost a third (32%) of millennials admit they are “not at all knowledgeable” about retirement savings plans (RSPs), according to new survey by TD. The survey found that only 50% of those aged between 18-33 know that the money in an RSP can help to purchase their first home and just 28% know RSP funds can help pay for full-time education […]
As talks about the future of Canada’s health-care agreements kicked off in Vancouver yesterday, federal Health Minister Jane Philpott announced that Ottawa is joining the provincial drug bulk-buying program. But plan sponsors should be prepared for the long-term impact of excluding private insurers from such a plan. “It continues to entrench two levels of pricing […]
The Ontario Trucking Association (OTA) said that one of its key concerns about the Ontario Registered Pension Plan (ORPP) has been “laid to rest for the time being.” The concern was around whether the provincial government intended to try to apply the ORPP to federally-regulated companies, rather than those that come under provincial jurisdiction. In […]
First Health Care has launched YourNurse, a service that provides a single point of contact to help employees navigate their health benefits. Employees can access all services through a single toll-free telephone number and through a nurse, who will ensure the individual gets the emotional, physical and/or social support to address their concerns. “Employees shouldn’t […]
The UK government has announced an end to prohibitive charges faced by people looking to access their pension pot early. The plans will cap excessive early exit charges for those eligible to access pension freedoms, which came into effect on April 6, 2015, allowing individuals to access their savings how and when they want. Speaking […]
Almost two-thirds (62%) of millennials have started saving for retirement and almost half (46%) started before the age of 25, according to a new survey. The survey, conducted by Tangerine, found that millennials also have their sights set high, with 40% of respondents believing they will need more than $1 million saved for retirement. To meet […]
PowerStream is continuing its focus on mental well-being in the workplace in 2016, offering half-day resiliency workshops to its 560 employees across four locations. The energy company first introduced the workshops at the end of 2015, partnering with its Employee and Family Assistance Program (EFAP) provider Shepell. “Whether people are going through change in the organization […]
The Maersk Group is enhancing its maternity policy to increase the retention of its female employees. The new program, which will be introduced from April 4, includes a global guaranteed minimum of 18 weeks maternity leave on full pay for all employees, as well as a phased reintegration to work for all onshore staff. “In research […]
Nearly two-thirds (70%) of employees who suffer with depression at work said they don’t feel supported by their employees, according to new research out of the UK. The research, published by jobsite CV Library in tandem with “Blue Monday,” dubbed the most depressing day of the year, also found that 73% of employees who suffer with depression said […]
Letter outlines next steps in working with Feds.